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Here are the comparative income statements of Carla Vista Corporation.

CARLA VISTA CORPORATION Comparative Income Statement For the Years Ended December 31
		2022		2021
Net sales		$637,500		$555,200
Cost of goods sold		454,100		418,600
Gross Profit		183,400		136,600
Operating expenses		74,500		48,700
Net income		$ 108,900		$ 87,900

(a) Prepare a horizontal analysis of the income statement data for Carla Vista Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)

CARLA VISTA CORPORATION Comparative Income Statement choose the accounting period For the Years Ended December 31For the Month Ended December 31December 31
					Increase or (Decrease) During 2022
	2022		2021		Amount		Percentage
Net sales	$637,500		$555,200		$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Cost of goods sold	454,100		418,600		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Gross Profit	183,400		136,600		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Operating expenses	74,500		48,700		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Net income	$ 108,900		$ 87,900		$enter a dollar amount		enter percentages rounded to 1 decimal place	%

(b) Prepare a vertical analysis of the income statement data for Carla Vista Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.)

CARLA VISTA CORPORATION Condensed Income Statements choose the accounting period For the Month Ended December 31December 31For the Years Ended December 31
	2022					2021
	$		Percent			$		Percent
Net sales	$637,500		enter percentages rounded to 1 decimal place	%		$555,200		enter percentages rounded to 1 decimal place	%
Cost of goods sold	454,100		enter percentages rounded to 1 decimal place	%		418,600		enter percentages rounded to 1 decimal place	%
Gross Profit	183,400		enter percentages rounded to 1 decimal place	%		136,600		enter percentages rounded to 1 decimal place	%
Operating expenses	74,500		enter percentages rounded to 1 decimal place	%		48,700		enter percentages rounded to 1 decimal place	%
Net income	$ 108,900		enter percentages rounded to 1 decimal place	%		$ 87,900		enter percentages rounded to 1 decimal place	%

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